85 Ocean Ave, Block Island, RI

$2,375,000

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0.66

Acres

About 85 Ocean Ave

Introducing The Gateway Commons, a remarkable commercial property ideally positioned just moments away from the dynamic town center. This meticulously maintained establishment, erected in 2017-2018, currently thrives as a bar/restaurant and presents a myriad of business opportunities within the Block Island Service Commercial zone. Spanning two levels, the building boasts expansive dining and bar areas, two distinct kitchens, one with the potential for full-service capabilities, three bathrooms, an office space, and ample storage. The second floor holds promise for further development, with the potential to convert the unfinished attic into an apartment, pending planning and zoning approvals. With nineteen parking spots and full ADA compliance, this property is poised for diverse ventures in a highly accessible locale. Whether sustaining the existing enterprise or venturing into new realms, the Gateway Crossing building offers an exceptional platform for commercial success at the core of the community. The Old Island Pub Business is not for sale.

Features of 85 Ocean Ave

MLS® # 1355094
Price $2,375,000
Bathrooms 0.00
Square Footage 30056
Acres 0.66
Year Built 2018
Type Business Opportunity
Sub-Type Business
Status Active

Community Information

Address 85 Ocean Ave
Subdivision Old Harbor
City Block Island
County Washington
State RI
Zip Code 02807

Amenities

Amenities Restaurant
Utilities Electricity Available, Natural Gas Available, Sewer Connected, Cable Available, Municipal Utilities, Water Connected
Features Wetlands
Parking Spaces 18
View Water
Is Waterfront No
Has Pool No

Interior

Heating Forced Air
Cooling Partial
Fireplace No
# of Stories 2
Stories 2
Has Basement No
Basement None

Exterior

Exterior Frame
Lot Description Wetlands
Construction Frame
Foundation Slab

Additional Information

Date Listed March 29th, 2024
Days on Market 10
Zoning SC
Short Sale No
RE / Bank Owned No

Listing Details

Office
Lila Delman Compass

Listing Map

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